Panattoni has obtained a EUR 14 million loan from Alior Bank to support the expansion of its latest investment in the Lublin Voivodeship of Poland.
The EUR 14 million will be allocated to developing an 11,190-square-meter build-to-suit facility for an unnamed logistics operator.
“Lublin and its surroundings are among the fastest-growing regions in the country and play a key role in the development of logistics and industry in Eastern Poland,” said Emilia Taczewska-Trojanska, Head of Debt Finance Poland at Panattoni. “Panattoni has already delivered over 272,000 square meters of modern industrial space in the area — more than half the total market volume. The financing from Alior Bank enables us to pursue yet another investment – a state-of-the-art cross-docking terminal tailored to the needs of our long-standing business partner will be built within Panattoni Park Lublin IV.”
Panattoni describes its Park Lublin IV, located in the Economic Activity Zone in Swidnik, as “a high-quality modern warehouse complex currently consisting of two buildings with a total area of 53,000 square meters.” Its tenants include companies from the automotive, FMCG, and packaging industries. A further 13,000 square meters of warehouse space remains available for lease.